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Q. Suppose that the inverse demand curve for paper is P = 200 - Q. The private marginal cost is MCp = 80 + Q and the marginal harm from gunk is MCg = Q.
a. What is the unregulated competitive equilibrium?
b. What is the social optimum? What specific tax (per unit of output or gunk) results in the social optimum?
c. What is the unregulated monopoly equilibrium?
d. How would you optimally regulate monopoly? Elucidate what is the resulting equilibrium?
Assume the annual demand for liquor in Mississippi. The supply of liquor is given by the equation Qs= 30,000P. Solve for the equilibrium annual quantity and price of liquor.
All of these methods help an organization mold strong, smart, motivated employees that know how to do their job and can help the organization smoothly.
Suppose vehicle is introduced into a central business district (CBD), doubling speed of travel for information exchange. Who financially benefits from innovation.
Illustrate what amount of profit does the industry fail to pick up by refusing to increase output by one unit
What would the government likely challenge a merger where a firm with 20% share is attempting to acquire a firm with a 5% share.
A small town in rural lowa has one large factory that employs the workers in the town.Major League Baseball is an example of what labor market model?
The banking system is a fractional reserve banking system with a desired reserve deposit ratio. Banking system is a fractional reserve banking system.
You had chosen to take a trip during spring break if you had not gone you would either work a temporary job or studied for exams the opportunity cost of your trip.
Many people believe that using plant-derived fuels or biofuels to power combustion engines is a relatively new and innovative concept.
Compare the magnitude of the percentage in the rental on capital with percentage change in wage in part 1. Use notation format.
Edison Electric Company's president has been arguing that residential electric rates need to be raised relative to industrial rates.
q. suppose that the total stock s0 of a nonrenewable resource is 15 units. the quantity demanded of the resource in
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